Chemical concern Ciech is to make its debut on the Warsaw Stock Exchange, and offer 30% of its shares in a bid to raise between 160 and 200 million zlotys, the daily Rzeczpospolita reported on March 11.
The funds will be used to acquire another chemical company, either Bydgoszcz-based Zachem or Sarzyna-based Organika, according to Ciech representatives.
The company recently announced that the firm's strategy up to 2007 will be based on two fundamental market segments: soda and pharmaceuticals.
The prospectus for the flotation is due to be completed by June.
Following the issue, the Treasury's stake in the company will fall from the current 52% to 40%.